This post isn't directly related to BCI so please move on if you...

This post isn't directly related to BCI so please move on if you wish ...

,however as mentioned in my prior post, it's my hunch that the IMF will impose a 10% tax on all Eurozone savings, and they'll try and do it by stealth to try and prevent tax avoidance. I believe this will have a far more negative effect on the world markets than the IMF anticipate, and inturn could see a lower SP for BC Iron into the future (my hunch mid to late this year) as individuals adopt the familiar mind set of protecting equity rather than values based on company fundamentals during a bear market.

Most still believe that the IMF won't dare do it, but I think they will because it's an easy/lazy option for the IMF an fits the Socialist ideology that the IMF is in love with at the moment.

There's two links below, well worth the read:

http://www.marketoracle.co.uk/Article42669.html

http://www.forbes.com/sites/timworstall/2013/10/23/why-the-imfs-10-wealth-tax-simply-will-not-work/